The "Magnificent Seven" has been, well, magnificent. But investor beware: As one analyst points out: “No stock outperforms forever.”
The National Labor Relations Board has dismissed a claim from workers at a Tesla Gigafactory (TSLA) in Buffalo, New York who argued they were fired over their attempts to unionize. However, there are two other claims the NLRB and Tesla will need to resolve, one regarding recordings at work and another which claims the EV maker was soliciting complaints about union activity. Yahoo Finance Legal Correspondent Alexis Keenan weighs in this ongoing battle and— and the company’s myriad of legal woes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
For years, Hota Industrial Mfg. Co has made gears, shafts and other auto parts in Taiwan and shipped them to large foreign carmakers such as Tesla, Ford Motor and General Motors. But soaring shipping costs during the pandemic and escalating cross-strait tensions have forced some of Hota's customers to re-evaluate their reliance on Taiwan, a democratically governed island that China claims as its own and has not ruled out taking by force. To address client concerns about supply chain security and to move closer to North America, which accounts for 70% of its sales, Hota in September announced a $99 million investment in a plant in New Mexico, its first outside Asia.